The Cincinnati Public Schools Board of Education tonight approved a resolution permitting the exchange of property for the development of the new Stargel Stadium and makes way for the construction of the new FC Cincinnati stadium. The Board vote was unanimous.
FC Cincinnati will take possession of the existing Stargel Stadium property north of Taft IT High School when the parties close this week. Under the negotiated agreement, CPS will lease back the current Stargel Stadium until November 16, 2018, the remainder of the 2018 football season.
Under the initial agreement between CPS and FC Cincinnati, FC Cincinnati committed to a $10 million payment, as well as a $150,000 contingency fund for subsurface soil conditions, to pay for FC Cincinnati to lead the construction of a new Stargel Stadium. In this updated agreement, CPS and FC Cincinnati have agreed that FC Cincinnati will make the $10 million payment and the $150,000 contingency fund payment to CPS, and turn over the construction of the new stadium facility to CPS.
CPS anticipates that the new stadium will be operational in time for the Fall 2019 football season. The District does not anticipate that the stadium will be ready in time for the Spring Track and Field season, and is making arrangements to ensure any planned track and field events have a suitable location in place by the Spring 2019.
The last regular season game will be played in Stargel Stadium on Friday, Oct. 26 at 7 p.m.; the Taft Senators will face the Aiken Falcons. Pending playoff standings, Taft could also host a playoff game the following weekend.